Bumble Inc (BMBL)

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Why is Bumble Inc (BMBL) Stock down?

We've noticed a 14.80% decline in Bumble Inc (BMBL) stock during the 2024-02-28 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

02 Oct, 2023:

Shares of Bumble Inc (BMBL) dropped by 6.23% from $14.92 to $13.99 in the trading on Monday October 2, 2023. The reasons why stock BMBL is down today includes:

Market Conditions: On October 2, 2023, the broader stock market mixed, concerns about inflation, rising interest rates, and the Ukraine conflict. Similarly, the tech sector, including Bumble Inc. (BMBL), declined 1.5% on that day, possibly influenced by apprehensions about rising interest rates and slowing tech industry growth.
Latest Analyst Ratings: Over the past three months, six analysts have provided 12-month price targets for Bumble. The company now holds an average price target of $21.88, ranging from a high of $24.00 to a low of $18.00. This current average reflects a 14.2% decrease compared to the previous average price target of $25.50.